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Drawing Support & Resistance Levels

Selecting the Levels Drawing Tool

To draw horizontal support and resistance lines on timetotrade's FREE STOCK and FOREX CHARTS >>, click on the "draw horizontal line" choice from drawing tools drop down choices. This button is found to the top right hand side of the chart, as illustrated in the following screen shot:

Draw level 1.png

Drawing Support & Resistance Levels

After selecting the horizontal line drawing tool, position your mouse at a level on the chart and a horizontal line will be displayed. Use your mouse to manoeuvre the horizontal line up and down. The corresponding price is shown in a black box at the right hand side of the chart. When you are happy with the position of the line, click the mouse button.

Draw level 2.png

The drawing tools remain selected until you click on them again to release them. To add additional horizontal levels, position the mouse and then click on the screen. When finished release the drawing tool by clicking it as illustrated:

Draw level 3.png

If you want to re-position the horizontal support or resistance level on the chart, click on it to bring it into focus and then drag the line up or down by holding down the mouse button:

Draw level 4.png

When you have positioned it correctly, release the mouse button.

You can add multiple support or resistance lines on the chart. To add more horizontal lines, just click the "draw horizontal line" button and position the line as previously discussed. Alternatively right click on an existing line and create a parallel line as illustrated:

Draw level 7.png

Deleting Levels

Deleting Trendlines

You can delete individual drawings or all drawings on the chart. To delete an individual drawing, start by selecting the line you wish to delete by clicking on it. The line will have a dark grey border added to show that the line has been selected.

You can now either click the "delete the selected drawing" button as illustrated in the following screen shot:

Draw level 5.png

or click your right mouse button, and select "delete line" from the menu that appears on the chart, as illustrated below:

Draw level 6.png

To delete ALL the drawings on a chart, right click on the chart. Select "Delete all drawn objects" from the menu as illustrated:

Draw level 8.png

Change Line Colour

The colour of a the lines can be changed to make it easier for example to identify support and resistance lines. To change the line colour, select the line by clicking it, then select a line colour as illustrated:

Draw trend lines 7.png

Saving Drawings

If you would like to save chart drawings, such as levels, trend lines and Fibonacci tools, for the next time you log into timetotrade, click on the 'save drawings' icon as illustrated:

Save drawings 1.png

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